Dar Global Half Year 2026 Results

Summary by AI ^BETAClose X

Dar Global PLC reported a strong first half for 2026, with revenue growing 66% to $258.0 million and EBITDA increasing 73% to $46.3 million, driven by revenue recognition from The Astera by Aston Martin and Neptune by Mouawad projects. The company launched significant new developments including Rayana at Wadi Safar and Trump Plaza Jeddah, and secured a $250 million syndicated term loan facility. Cumulative contracted sales rose to approximately $3.9 billion, and the Group maintained a robust balance sheet with cash balances of $847.9 million.

Disclaimer*

Risk description	Remediation / Mitigation (Controls)
STRATEGIC AND FINANCIAL RISKS
1. Property market cycles and interest rates Changes in macroeconomic environment or tightening of financial conditions may lead to falling demand through a reduction in the wealth of our target affluent customer demographic. This could result in reduced sales volumes and affect our ability to deliver profitable growth. Availability of suitable land at appropriate cost is also strongly impacted by property market conditions, incorrect timing of purchases could impact future profitability.	– Critical assessment of target location and underlying demand. – Conservative deployment of capital. – Joint venture agreements for suitable land and partners. – Frequent review of pricing. – Strong relationships with key brokers. – Geographical diversification. Despite the above being effective and should help avert a threat to the company's viability, the potential impact does not decrease sufficiently to reduce it at the residual level. Probability is unchanged as its market driven.
2. Capital availability and solvency Lack of sufficient financing may restrict our ability to respond to changes in the economic environment and take advantage of appropriate land buying and operational opportunities to deliver strategic priorities.	– Disciplined capital management. – Secured funding lines for future opportunities. – Strong and supportive majority shareholder. Negative impact reduced to Major overall as committed lines would enable the Company to take advantage of opportunities, and likelihood reduced to very unlikely on committed lines from reputable financial institutions and supportive shareholder.
3. Political risk Significant political events locally and globally may impact Dar Global’s business as customers may be reluctant to make purchases due to uncertainty. Sanctions may cause supply chain disruption, and changes in local laws may increase costs or cause delays to projects.	– Diversification across several jurisdictions, with the majority considered safe havens by wealthy investors. – Conservative capital policy enables management to tolerate lower sales volumes and avoid steep price cuts. Impact remains extreme, diversification will reduce volatility of the Company's solvency position, though actual losses could remain elevated. Likelihood is unaffected by mitigation.
4. Reputational risk Compliance across multiple jurisdictions is challenging for multinationals, and in particular for medium-sized companies with a broad footprint. We also face luxury Partner reputational risk by association as we have long-term agreements with key branding partners, which, in the event of a PR faux-pas could indirectly tarnish Dar Global’s prestigious image.	– Dedicated Compliance team in place. – The group carefully vets all its branding partners to ensure they align well with Dar Global values. Compliance: Rated Needs improvement as the size of the team in place and latitude afforded is not commensurate with the nature of the company’s activities. Partner association: Probability of detrimental impact on Dar Global’s image is reduced to Very Unlikely as the control is rated Effective.
OPERATIONAL RISKS
5. Contractor ability to deliver on time with high quality/low defect Failure to achieve excellence in construction, such as late completion of works, design and construction defects could expose the Company to future remediation liabilities, and impact future sales through reputational damage.	– Rigorous contractor due diligence. – Legally binding contractual terms. – Stringent quality assurance through build programme oversight by both Dar Global engineers and independent consultants on multiple sites across several countries. Impact is well mitigated throughout project lifecycles, though not enough to reduce the impact rating. Likelihood reduced to unlikely with effective controls in place.
6. Legal risks: joint venture and branding Differences in interpretation of goals, roles, and responsibilities of each partner may lead to protracted delays in executing and legal recourse, which, in the event of underperformance by one or more parties, a change in control/ financial stability of one of our partners, could result in large losses and reputational damage to Dar Global.	– Extensive due diligence on all partners. – Contractual agreements detailing roles, responsibilities and performance requirements, defined through pre-agreement discussions to effectively address and allocate ownership of risks and potential liabilities between parties. – Effective, frequent communication and updates to all relevant parties throughout the life of each project. – Oversight by both Dar Global engineers and independent consultants. – HoAs have ultimate responsibility for maintaining buildings’ standards post-handover. Impact is mitigated throughout project lifecycles, though only enough to reduce the impact rating by one notch. Likelihood reduced to unlikely with mitigation in place which could be more disciplined.
7. Labour standards and health & safety Health and safety, or environmental breaches can impact Dar Global’s employees, subcontractors and site visitors, and result in reputational damage, criminal prosecution, civil litigation, increased cost and delays in construction.	– Robust health and safety procedures for all construction sites. – Regular health and safety monitoring, there are the 3 layers of audits of all sites, and regular management reviews, frequency will vary depending on the jurisdiction. In Saudi, we have onsite safety managers conducting weekly training sessions, walkthroughs and internal safety meetings. Contractor safety inspections are conducted on a daily / weekly / monthly basis. Our consultants conduct weekly and monthly inspections. – Contractual requirements for all subcontractors to abide by high standards of safety. More stringent site inspections required to increase control rating to Effective. Impact lowered to Moderate and likelihood reduced to Unlikely as controls in place would reduce the severity and frequency of incidents.
8. Cyber and data risk The Group places significant reliance upon the availability, accuracy, and confidentiality of all of its information systems and data. It could suffer significant financial and reputational damage from corruption, loss or theft of data.	To address this risk, the Group: Maintains a comprehensive Information Security Programme to complement existing controls, identify vulnerabilities and implement industry best practices with the support of specialist external advisers. Has deployed multi-factor authentication across key platforms. Utilises cloud-based services to reduce centralised infrastructure risk. Operates role-based access controls, restricting access to sensitive data according to user responsibilities. Maintains formal incident response and crisis management procedures. Undertakes regular penetration testing, vulnerability assessments and remediation activities. Provides ongoing cybersecurity awareness and phishing training for employees. Conducts appropriate cybersecurity due diligence and monitoring of key third-party service providers. Maintains business continuity, backup and disaster recovery arrangements. Monitors compliance with applicable data protection and cybersecurity laws and regulations.
9. Employee relations Increasing competition for skills may mean we are unable to recruit and retain the best people. It could result in a failure to deliver our strategic objectives, a loss of corporate knowledge and competitive advantage.	We have the following measures in place: – Succession planning for key management. – Monitoring attrition rates, attendance and feedback from exit interviews. In addition, we are enhancing our performance management approach. A replacement for key management may take several months to a year to find, and therefore the impact is only reduced to Moderate through succession planning. With a lack of mitigating controls, the likelihood remains Possible.

Companies

Dar Global (DAR)

UK 100

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Summary Profit & Loss	HY 2026 (US$M)	HY 2025 (US$M)	Change (%)
Summary Profit & Loss	Unaudited	Unaudited	Change (%)
Revenue	258.0	155.4	66%
Gross profit	87.7	47.4	85%
Gross profit margin	34%	31%
EBITDA*	46.3	26.8	73%
EBITDA margin	18%	17%
Profit/(Loss) for the period	30.4	12.2	149%
Profit/(Loss) (%)	12%	8%

Summary Financial Position	As of 30 June 2026 (US$M) Unaudited	As of 31 December 2025 (US$M)	Change (US$M)
Assets
Cash balances, including restricted cash	847.9	701.6	146.3
Trade and unbilled receivables	368.0	351.8	16.2
Advances, deposits and other receivables	229.1	185.4	43.7
Development properties	785.2	783.1	2.1
Other Assets	49.7	40.8	8.9

Liabilities
Trade and other payables	100.7	125.6	-24.9
Advance from customers	515.6	459.5	56.1
Loans and borrowings	166.2	169.1	-2.9
Due to related parties	451.1	287.1	164.0
Development property liability	396.2	412.1	-15.9
Other Liabilities	36.8	24.9	11.9

Equity
Net asset value	613.3	584.4	28.9
Net asset value per share (in US$)	3.4	3.2	0.2

Status	Under construction
Launched	Q2 2025
Schedule completion	Q4 2031
No of Units	572*

Status	Under construction
Launched	Q1 2025
Schedule completion	Q2 2028
No of Units	210

Status	Completed
Launched	Q1 2022
Schedule completion	Completed
No of Units	86

		June 30,	December 31,
		2026	2025
	Note	(Unaudited)
ASSETS

Cash and cash equivalents	5	802,315,838	668,046,169
Trade and unbilled receivables	6	367,990,983	351,751,094
Advances, deposits and other receivables	7	229,110,636	185,395,654
Development properties	8	785,160,854	783,111,658
Escrow retentions	9	45,611,181	33,520,147
Due from related parties	17	5,552,476	6,476,773
Property and equipment	10	26,429,590	25,037,543
Right-of-use assets	11	9,283,378	3,846,885
Deferred tax assets	18	8,452,455	5,430,464
		-----------------	-----------------
TOTAL ASSETS		2,279,907,391	2,062,616,387
		==========	==========
LIABILITIES AND EQUITY

LIABILITIES
Trade and other payables	12	100,722,550	125,608,822
Advances from customers	13	515,596,318	459,486,898
Retention payable	14	25,936,170	19,326,375
Development property liabilities	15	396,239,087	412,141,755
Bank borrowings	16	166,249,802	169,069,969
Due to related parties	17	451,130,828	287,093,049
Employees’ end of service benefits		1,557,055	1,750,057
Lease liabilities	11	9,060,467	3,634,491
Deferred tax liabilities	18	126,200	126,200
		-----------------	-----------------
TOTAL LIABILITIES		1,666,618,477	1,478,237,616
		==========	==========
EQUITY
Share capital		1,800,216	1,800,216
Share premium		88,781,078	88,781,078
Retained earnings		519,622,088	487,866,754
Foreign currency translation reserve		3,144,260	4,656,617
Statutory reserve	2.21	1,229,110	1,229,110
		---------------	---------------
Equity attributable to owners of the Company		614,576,752	584,333,775
Non-controlling interest	25	(1,287,838)	44,996
		-----------------	-----------------
TOTAL EQUITY		613,288,914	584,378,771
		-----------------	-----------------
TOTAL LIABILITIES AND EQUITY		2,279,907,391	2,062,616,387
		==========	==========

	Attributable to owners of the Company

	Share capital	Statutory reserve	Foreign currency translation reserve	Retained earnings	Share premium	Total	Non-controlling interest	Total equity

Balance as at January 1, 2025	1,800,216	820,669	(437,202)	387,488,728	88,781,078	478,453,489	-	478,453,489
Profit for the period	-	-	-	12,212,047	-	12,212,047	-	12,212,047
Other comprehensive income	-	-	4,820,128	-	-	4,820,128	-	4,820,128
Total comprehensive income for the period	-	-	4,820,128	12,212,047	-	17,032,175	-	17,032,175
Transaction with owners of the Company
Other reserves	-	136	-	-	-	136	-	136
Total transactions with owners of the Company	-	136	-	-	-	136	-	136
	------------	------------	------------	----------------	--------------	---------------	--------------	---------------
Balance as at June 30, 2025 (Unaudited)	1,800,216	820,805	4,382,926	399,700,775	88,781,078	495,485,800	-	495,485,800
	=======	=======	=======	=========	========	=========	--------------	=========

Balance as at January 1, 2026	1,800,216	1,229,110	4,656,617	487,866,754	88,781,078	584,333,775	44,996	584,378,771
Profit for the period	-	-	-	31,755,334	-	31,755,334	(1,332,834)	30,422,500
Other comprehensive loss	-	-	(1,512,357)	-	-	(1,512,357)	-	(1,512,357)
Total comprehensive income for the period	-	-	(1,512,357)	31,755,334	-	30,242,977	(1,332,834)	28,910,143
	------------	------------	------------	----------------	--------------	---------------	---------------	---------------
Balance as at June 30, 2026 (Unaudited)	1,800,216	1,229,110	3,144,260	519,622,088	88,781,078	614,576,752	(1,287,838)	613,288,914
	=======	=======	=======	=========	========	=========	--------------	=========

Name of subsidiary and domicile	Percentage of effective holding	Percentage of voting rights	License / Registration No.	Principal activities
Dar Global Properties L.L.C – UAE	100%	100%	Commercial license no. 791860	Development and sale of real estate.
Dar Global UK Holdings LTD – United Kingdom	100%	100%	Company registration no. 13881707	Development and sale of real estate.
Dar Global UK No. 1 LTD – United Kingdom	100%	100%	Company registration no. 14751868	Development and sale of real estate.
Dar Global UK No. 2 LTD – United Kingdom	100%	100%	Company registration no. 14751750	Development and sale of real estate.
Dar Global UK No. 3 LTD – United Kingdom	100%	100%	Company registration no. 14751915	Development and sale of real estate.
Dar Global UK No. 4 LTD – United Kingdom	100%	100%	Company registration no. 14385758	General business activities
Dar Global Spain S.L. – Spain (Formerly Dar Al Arkan Spain S.L.)	100%	100%	Company registration no. B09896390	Development and sale of real estate.
Dar Benahavis I, S.L. – Spain	100%	100%	Company registration no. B72530843	Development and sale of real estate.
Daranavis S.L. – Spain	100%	100%	Company registration no. B72530850	Development and sale of real estate.
Dar Tabano, S.L. – Spain	100%	100%	Company registration no. B72530835	Development and sale of real estate.

Assets	Life years
Leasehold improvements	3-5
Furniture and fixtures	3-5
Computers and office equipment	3-5

Description	Effective for annual periods beginning on or after

IFRS 18 Presentation and Disclosure in Financial Statements* IFRS 19 Subsidiaries without Public Accountability: Disclosures Translation to a Hyperinflationary Presentation Currency – Amendments to IAS 21	January 1, 2027 January 1, 2027 January 1, 2027
Sale or Contribution of Assets between an investor and its Associate or Joint Venture – IFRS 10 and IAS 28	Effective date deferred indefinitely

	Domestic	International
	USD	USD

For the six months ended on 30 June 2026 (unaudited):
Revenue	-	258,040,316
(Loss) / Profit for the period	(11,078,604)	41,501,104

For the six months ended on 30 June 2025 (unaudited):
Revenue	5,099,093	150,296,359
(Loss) / Profit for the period	(1,419,096)	13,631,143

As at 30 June 2026 (unaudited)
Total assets	38,586,609	2,241,320,782
Total liabilities	460,645,665	1,205,972,812

As at 31 December 2025
Total assets	31,801,257	2,030,815,130
Total liabilities	309,054,673	1,169,182,943

	As at June	As at December
	30, 2026	31, 2025
	----------------	----------------
	(Unaudited)
Total assets
United Arab Emirates	1,275,167,006	1,208,064,049
Qatar	163,903,736	164,289,736
Oman	208,264,914	183,581,337
KSA	461,109,992	347,913,903
Other countries	132,875,134	126,966,105
	-----------------	-----------------
	2,241,320,782	2,030,815,130
	==========	==========

	For the six months ended

	June 30,	June 30,
	2026	2025
	----------------	----------------
	(Unaudited)	(Unaudited)
Revenue
United Arab Emirates	201,920,842	36,416,568
Oman	24,548,348	2,893,361
KSA	16,500,757	103,343,928
Qatar	15,070,369	7,642,502
	---------------	---------------
	258,040,316	150,296,359
	=========	=========

	As at June	As at December
	30,2026	31,2025
	----------------	----------------
	(Unaudited)

Prepayments (note (a) below)	115,049,379	105,947,870
Advances to suppliers and contractors	72,527,578	45,484,529
Margin deposit (note (b) below)	10,976,497	10,805,572
Other deposits (note (c) below)	7,238,991	6,663,978
Other receivables	7,619,232	2,720,028
VAT receivable	15,698,959	13,773,677
	---------------	--------------
	229,110,636	185,395,654
	=========	========

Not more than 12 months	218,134,139	174,590,082
More than 12 months	10,976,497	10,805,572
	---------------	---------------
	229,110,636	185,395,654
	=========	=========

		2026	2025
		(Unaudited)	(Unaudited)
	Note
Cash flows from operating activities
Profit for the period		30,422,500	12,212,047
Adjustments for:
Depreciation on property and equipment	22	1,631,524	1,478,496
Depreciation on right-of-use assets	22	1,607,601	1,370,662
Provision for employees’ end of service benefits		288,241	273,943
Finance costs	23	20,118,472	12,433,932
Finance income	23	(10,128,118)	(5,921,878)
Unrealised foreign exchange		1,899,522	-
Income tax expenses	18	2,556,912	5,153,418
Write off related to property, plant and equipment		47,641	-
		--------------	--------------
Operating profit before working capital changes		48,444,295	27,000,620
Working capital changes:

Trade and unbilled receivables		(16,239,889)	(32,047,618)
Advances, deposits and other receivables		(43,833,400)	(39,224,994)
Development properties		(19,768,652)	(73,692,880)
Trade and other payables		(19,883,184)	2,771,072
Advances from customers		56,109,420	304,248,803
Retention payable		6,609,795	4,806,341
Due from related parties		920,000	(5,868,914)
Due to related parties		-	8,766,931
Employees' end of service benefits paid		(481,243)	(167,804)
Income tax paid		(7,560,002)	-
		--------------	---------------
Net cash generated from operating activities		4,317,140	196,591,557
		--------------	---------------
Cash flows from investing activities
Acquisition of property and equipment	10	(3,089,502)	(3,630,984)
Escrow retentions		(12,091,034)	(10,685,550)
Interest received	23	10,128,118	5,921,878
		-----------	----------
Net cash used in investing activities		(5,052,418)	(8,394,656)
		-----------	----------
Cash flows from financing activities
Proceeds from bank borrowings	16	44,213,600	456,627

		Land	Leasehold improvements	Furniture and fixtures	Computers and office equipment	Capital work-in-progress	Total


Cost
As at January 1, 2025		15,990,579	3,099,342	1,270,019	4,128,290	-	24,488,230
Additions		2,114,528	946,684	94,392	2,485,318	145,157-	5,786,079
Disposal		-	-	-	(1,219)	-	(1,219)
Translation adjustments		303,821	25,355	78,916	36,043	-	444,135
		--------------	------------	------------	------------	-----------	-------------
As at December 31, 2025		18,408,928	4,071,381	1,443,327	6,648,432	145,157-	30,717,225
		--------------	------------	------------	------------	-----------	-------------
As at January 1, 2026		18,408,928	4,071,381	1,443,327	6,648,432	145,157-	30,717,225
Additions		-	38,154	6,439	96,585	2,948,324	3,089,502
Disposal		-	-	-	(100,974)	-	(100,974)
Reclassification		(2,114,528)	-	-	-	2,114,528	-
Translation adjustments		-	(6,707)	(20,561)	(9,644)	-	(36,912)
		-------------	------------	------------	------------	------------	-------------
As at June 30, 2026 (unaudited)		16,294,400	4,102,828	1,429,205	6,634,399	5,208,009	33,668,841
		-------------	------------	------------	------------	-----------	-------------

	Accumulated depreciation
As at January 1, 2025		-	903,400	435,025	1,252,142	-	2,590,567
Charge for the year		-	1,210,845	269,596	1,540,257	-	3,020,698
Disposal		-	-	-	-	-	-
Translation adjustments		-	22,538	26,557	19,322	-	68,417
		----	------------	----------	------------	------------	------------
As at December 31, 2025		-	2,136,783	731,178	2,811,721	-	5,679,682
		----	------------	----------	------------	------------	------------

As at January 1, 2026		-	2,136,783	731,178	2,811,721	-	5,679,682
Charge for the period		-	608,999	135,341	887,184	-	1,631,524
Disposal		-	-	-	(53,337)	-	(53,337)
Translation adjustments		-	(6,708)	(9,336)	(2,574)	-	(18,618)
		----	------------	----------	----------	------------	------------
As at June 30, 2026 (unaudited)		-	2,739,074	857,183	3,642,994	-	7,239,251
		----	------------	----------	----------	------------	------------
Carrying value as
As at June 30, 2026 (unaudited)		16,294,400	1,363,754	572,022	2,991,405	5,208,009	26,429,590
		========	=======	======	=======	=======	========
As at December 31, 2025		16,294,400	1,934,598	712,149	3,836,711	2,259,685	25,037,543
		========	=======	======	=======	=======	========

Bank borrowings maturity profile:	As at June	As at December
	30, 2026	31,2025
	----------------	----------------
	(Unaudited)

Not more than 12 months	96,653,808	65,954,252
More than 12 months	69,595,994	103,115,717
	---------------	----------------
	166,249,802	169,069,969
	=========	=========

	For the six months ended

	June 30, 2026	June 30, 2025
	----------------	----------------
	(Unaudited)	(Unaudited)
Current tax expense	5,690,860	6,826,358
Deferred tax credit	(3,133,948)	(1,672,940)
	------------	--------------
Total expense for the period	2,556,912	5,153,418
	=======	========

Cost of residential units	(170,312,852)	(107,957,635)
	==========	========

Earnings per share:
- basic and diluted earnings per share (USD)	0.18	0.07
	====	====

	Dar Global Real Estate Development

	June 30, 2026	December 31, 2025

NCI percentage	58%	58%

Revenue	-	-
Loss	(2,910,117)	(3,066)
	--------------	---------
Loss attributable to NCI*	(1,332,834)	(1,404)
	-------------	---------
Other comprehensive income	-	-
Total comprehensive loss	(1,332,834)	(3,066)
	-------------	----------
Total comprehensive loss attributable to NCI* (A)	(1,332,834)	(1,404)
	-------------	---------

Assets	87,187,086	80,000
Liabilities	(90,020,270)	(3,066)
Net assets	(2,833,184)	76,934

Share of NCI on accumulated losses* (B)	(1,404)	-

Share of NCI on other equity components* (C)	46,400	46,400

	--------------	---------
Net assets attributable to NCI [(A) + (B) + (C)]	(1,287,838)	44,996
	========	=====

	As at June 30, 2026		As at December 31, 2025
	(Unaudited)
Financial assets

Cash and cash equivalents	802,315,838	668,046,169
Trade and unbilled receivables	367,990,983	351,751,094
Deposits and other receivables*	25,834,720	20,189,578
Escrow retentions	45,611,181	33,520,147
Due from related parties	5,552,476	6,476,773
	-----------------	--------------------
	1,247,305,198	1,079,983,761
	==========	============

	EUR	GBP	BAM	CNY
June 30, 2026 (Unaudited)
Cash and cash equivalents	20,418,937	231,809	65,946	-
Other financial assets	725,640	258,587	-	216,338
Financial liabilities	(757,255)	(12,360,634)	(269,706)	-
	--------------	---------------	------------	----------
	20,387,322	(11,870,238)	(203,760)	216,338
	========	=========	=======	======

December 31, 2025
Cash and cash equivalents	19,472,683	688,450	84,111	-
Other financial assets	175,599	268,809	-	210,044
Financial liabilities	(1,351,423)	(11,756,599)	(16,982)	-
	--------------	----------------	---------	-----------
	18,296,859	(10,799,340)	67,129	210,044
	========	=========	=====	======

30 June 2026 (Unaudited)	Carrying amount	Total	Less than 1 year	1-2 years	2-5 years	More than 5 years
Payables	100,722,550	(100,722,550)	(100,722,550)	-	-	-
Retention payable	25,936,170	(25,936,170)	(6,562,993)	(7,556,308)	(11,816,867)	-
Bank borrowings	166,249,802	(183,029,450)	(103,624,994)	(45,786,388)	(33,618,069)	-
Development property Liabilities	396,239,087	(451,074,385)	(118,057,496)	(68,721,820)	(264,295,069)	-
Lease liabilities	9,060,467	(10,767,032)	(3,495,495)	(5,375,407)	(1,571,416)	(324,715)
Due to related parties	451,130,828	(512,978,656)	(124,086,418)	(169,277,812)	(219,614,426)	-
	-----------------	------------------	-----------------	----------------	-----------------	---------------
	1,149,338,904	(1,284,508,243)	(456,549,946)	(296,717,735)	(530,915,847)	(324,715)
	==========	==========	==========	==========	==========	=========

31 December 2025	Carrying amount	Total	Less than 1 year	1-2 years	2-5 years	More than 5 years
Payables	125,608,822	(125,608,822)	(125,608,822)	-	-	-
Retention payable	19,326,375	(19,326,376)	(1,226,085)	(11,906,687)	(6,193,604)	-
Bank borrowings	169,069,969	(183,927,367)	(74,825,964)	(108,711,352)	(390,051)	-
Development property liabilities	412,141,755	(468,979,703)	(136,518,912)	(62,679,293)	(269,781,498)	-
Lease liabilities	3,634,491	(4,395,239)	(1,624,596)	(715,163)	(1,489,594)	(565,886)
Due to related parties	287,093,049	(338,256,649)	(42,315,955)	(73,369,099)	(222,571,595)	-
	-------------------	---------------------	-------------------	-------------------	-------------------	-------------
	1,016,874,461	(1,140,494,156)	(382,120,334)	(257,381,594)	(500,426,342)	(565,886)
	===========	============	===========	===========	===========	=========

Dar Global Half Year 2026 Results

Summary by AI BETAClose X

2026

2025

(Unaudited)

(Unaudited)

258,040,316

155,395,452

(170,312,852)

(107,957,635)

---------------

---------------

87,727,464

47,437,817

3,426,355

11,771,206

(26,046,827)

(12,098,105)

(22,137,226)

(23,233,399)

(20,118,472)

(12,433,932)

10,128,118

5,921,878

---------------

---------------

32,979,412

17,365,465

(2,556,912)

(5,153,418)

--------------

---------------

30,422,500

12,212,047

========

=========

(1,512,357)

4,820,128

--------------

--------------

28,910,143

17,032,175

========

========

31,755,334

12,212,047

(1,332,834)

-

---------------

---------------

30,422,500

12,212,047

=========

=========

30,242,977

17,032,175

(1,332,834)

-

---------------

---------------

28,910,143

17,032,175

=========

=========

0.18

0.07

---------------

---------------

9,990,354

6,512,054

3,239,125

2,849,158

2,631,275

5,221,864

-------------

-------------

46,283,254

26,795,123

========

========

Summary by AI ^BETAClose X

	As at June 30,	As at December 31,
	2026	2025
	----------------	----------------
	(Unaudited)

Contracted commitments for development properties (note 8 and (a) below)	765,729,559	810,430,861
Others (note (b) below)	10,000,000	10,000,000
	---------------	---------------
	775,729,559	820,430,861
	=========	=========

	For the six months ended
	June 30	June 30,
	2026	2025
	----------------	----------------
	(Unaudited)	(Unaudited)

The average number of employees employed by the Group	349	376
	=========	=========
The payroll cost for these employees is as follows:
- Wages and salaries	8,953,802	14,588,415
	=========	=========

		(In US$)
Particulars	January 1, 2026 to June 30, 2026	January 1, 2025 to June 30, 2025
	(Unaudited)	(Unaudited)
Revenue	258,040,316	155,395,452
Gross profit	87,727,464	47,437,817
Gross profit %	34%	31%
Profit for the period before tax	32,979,412	17,365,465
Profit for the period % of revenue	13%	11%